The December 2023 Georgia Housing Indicators data shows a slight increase in New Listings and decreases in both Pending Sales and Closed Sales year-over-year. Meanwhile, both Average and Median Sales Prices continued rising. Additionally, the Housing Supply Overview showed changes in which properties sold the quickest and slowest in terms of price range.

• New Listings increased one percent to 8,869
• Pending Sales decreased two percent to 7,114
• Closed Sales were down seven percent to 8,554
• Days on Market increased five percent to 44 days
• The Median Sales Price increased five percent to $340,000
• The Average Sales Price increased seven percent to $410,867
• Inventory levels decreased three percent to 25,750 units
• Months Supply of Inventory was 2.5 months

Townhouse/Condo segment showed the most significant price gain, with Median Prices increasing by seven percent to $315,000. The data further revealed that properties within the price range of $200,000 to $349,999 sold the quickest, typically taking 37 days to sell. On the other hand, properties priced at $350,000 to $499,999 took the longest to sell, with an average of 42 days on the market.

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